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Question mark 2021 08 26 22 30 01 utcPublic market valuations are dropping precipitously. Growth stage venture capital investors are in a state of panic. VC Twitter is awash with projections and predictions that things are going to be tough for a while. Sentiment feels increasingly negative.

For those who have known nothing but a never-ending bull market for their entire professional lives, this is an unsettling time. But the idea that the bull market would never end - despite what a large number of self-serving Twitterati may say - was always fanciful. Markets are inherently cyclical and periods of correction are inevitable.